Trinity To Acquire The Mattagami River Zinc Property
551 Howe St.-Suite 200
Vancouver, B.C. V6C 2C2
Tel : 888 909-5548
Fax : 888 909 -1033
TSX Venture SYMBOL: TE (www.trinityvalleyenergy.com )
Trinity To Acquire The Mattagami River Zinc Property
June 1, 2017 Trinity Valley Energy Corp . (TE – TSX Venture) (“ Trinity ” or the “ Company ”) has
signed an Option Agreement to acquire a 100% intere st in the Mattagami River Zinc Property
(“ Mattagami ” or the “ Property ”), located in Agate and Tucker Townships of the Po rcupine Mining
Divisions of Northeastern Ontario. The Mattagami pr operty is comprised of 14 unpatented mining claims
totaling 204 units having a combined area of approx imately 3,300 hectares, located approximately 50 km
northeast of the town of Kapuskasing.
The Company has identified the Mattagami River area as being highly prospective for the discovery of a
world class Broken Hill type Sedimentary Exhalative (“ SedEx ”) Zinc-Lead-Silver-Gold deposit. Other
examples of SedEx deposits are Cannington, Australi a operated by South 32 and Zinkgruvan, Sweden
operated by Lundin Mining.
Zinc mineralization was first discovered on the Pro perty by Canico (Inco) in 1966. Canico intersected
zinc mineralization spread over a 7 kilometre horiz on, returning assay results up to 13.7 meters with an
average grade of 2.28% zinc in hole BH32325.
The Property lies north of Argo Gold Inc.’s Hurdman Zinc-Lead-Silver-Gold property. Historic drill hole
intercepts on Hurdman of up to 7.3 metres with an average grade of 4.99 % zinc, 26.57 silver and 0.25
g/t gold; including 2.2 meters grading 10.37 zinc, 57.68 g/t silver and 1.37 g/t gold in hole ELO-06-12
have been reported (see Eloro Resources Ltd. News r elease May 2, 2006). The mineralization hosted on
the Hurdman Zinc-Lead-Silver-Gold property is not necessarily indicative of the mineralization hosted on
the Mattagami River Zinc Property.
Trinity can earn a 100% interest in the Property un der the terms of the Option Agreement by: (a) issuing
11,500,000 common shares in the capital of Trinity and $25,000 cash payable within 5 business days
upon receiving TSX Exchange Approval and (b) issuin g 1,500,000 common shares in the capital of
Trinity and $25,000 cash 12 months from the execution of the Option Agreement. The Property is subject
to an underlying 2% Net Smelter Returns (NSR) royal ty, of which 1.5% may be purchased by the
Company for $1-million.
The closing of the transaction is subject to a numb er of conditions, including due diligence, the
completion of a National Instrument 43-101 technica l report on the property, and obtaining all necessa ry
regulatory approvals, including TSX Venture Exchange approval.
The Company also announces that subject to regulato ry approval, it is arranging a non-brokered private
placement for aggregate gross proceeds of up to $75 0,000 (the "Private Placement") through the issuanc e
of 15 million units at a price of $0.05 per unit.
Each unit will consist of one common share and one warrant. Each warrant entitles the holder to acquire
one common share of the Company at a price of $0.10 per common share for a period of 24 months
following the date of issuance.
The Warrants shall contain an acceleration provision that, in the event the closing sale price of Trinity’s
Shares on the TSX Venture Exchange is $0.20 or greater for a period of ten (10) consecutive trading days,
then the warrant holders will have thirty (30) days to exercise their warrants; otherwise the warrants will
expire on the 31st day.
The Company will also pay a finder’s fee in accordance with the policies of the TSX Venture Exchange.
Proceeds of the private placement will be used for work on the Company’s Mattagami Zinc Property and
for general working capital.
The Private Placement is subject to TSX Venture Exchange acceptance.
The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo., a n
independent qualified person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD
“Jeffrey Cocks”
Jeffrey Cocks
Chairman
FOR FURTHER INFORMATION PLEASE CONTACT : Trinity Valley Energy Corp.
(TEL)- (888) 909-5548, (FAX)-(888) 909-1033
Email: [email protected]
Website: www.trinityvalleyenergy.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.